I believe I can get a cheaper constructor if I have more time to do the comparison. Anyway, I believe the best you can get is about 30% cheaper than mine, so it would be RM20,000.00 for the above renovation work.

So if I include the electrical items and furniture, it could be as high as RM50,000.00. So, please plan for your renovation before you get the keys. It can save at least 30% cost if you can get more comparison from quotation made by others.

Now, the question comes back here. How long is the time to recover all the cost I invested here. If one common room can be rented out at RM250, and if you rent out 3 rooms, you can get RM750 a month. So you can collect back the cost by 5.5 years.

Is this a good investment? I doubt so. But at least I can learn from the mistake I made earlier on and try to improve more later. The new cluster house is selling at RM538K now and Semi-D is selling at RM668K. If you are a foreigner and would like to buy a house for retirement / second home, Kangkar Pulai is the best residential area I can think of, as it only takes about 25 Minutes to Causeway and to Second Link and it takes only 18 Minutes to Senai Airport. A future interchange will be built near by. So I believe the property price will be rising again in next 3-5 years time. I can refinance my current property and take out the cash from there to invest in second property later.

Legal Disclaimer

The contents of this website are provided to you for information only and should not be used as a basis for making any specific investment, business or commercial decision. These pages should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an adverse effect on the value, price or income of an investment. Past performance figures as well as any projection or forecast used in these web pages, are not necessarily indicative of future or likely performance of any investment products. The information contained in these pages is not intended to provide professional advice and should not be relied upon in that regard. It also does not have any regard to your specific investment objective, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before investing in any of the products mentioned. In the event that you choose not to seek advice from a financial adviser, you should consider whether the investment product is suitable for you. The contents of this website, including these terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time.